Credit cards? You Should get it done right! And by now you should have watched parts 1 and 2 otherwise, you’ll get caught up in this video as I will talk about how to get a credit card for the first time in 2022. Part 3 of a 4-part video series.
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Watch And Enjoy! Loral Langemeier
Key Moments In This Episode ======================== 00:00 Intro & Summary 00:27 What Can You Avail If You Have A Credit Card 01:33 Where Can You Invest If You Are Single 02:01 How Others Have Been Using Credit Cards 03:21 How Should You Use Your Credit Cards 03:47 Where Do You Need To Go Now
What To Watch Next ======================== How To Get A Credit Card For The First Time • How To Get A Credit Card For The First Time
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About Loral Langemeier ======================== Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and Five Time New York Times best-selling author who is on a relentless mission to change the conversation about money and empower people around the world to become millionaires.
Loral’s straight talk electrifies audiences and inspires powerful action from live stages and television programs ranging from CNN, CNBC, The Street TV, Fox News Channel, Fox Business Channel-America’s Nightly Scoreboard, The Dr. Phil Show and The View. She is a regular guest-host on The Circle in Australia and has been featured in articles in USA Today, The Wall Street Journal, The New York Times, Forbes Magazine and was the breakout star in the film The Secret.
======================== Anything seen or heard here should not be viewed as an offer to buy or sell a security. Educational resources are provided for general information purposes only and should not be considered an individualized recommendation or advice. This is not an offering or the solicitation of an offer to purchase an interest in any investment vehicle. Any such offer or solicitation will only be made to qualified investors by means of an offering memorandum and only in those jurisdictions where permitted by law. The target returns set forth within all offerings may not be realized; actual results may differ materially from the stated goals. Prior to investing, investors must receive a prospectus, which contains important information regarding the investment objectives, risks, fees, and expenses of any funds and/or other investment opportunities. Past performance is no guarantee of future results. All investments involve risk, including the loss of principal invested.
This video discusses how to strategically use credit cards as investment tools rather than just for spending. The speaker explains the concept of financial arbitrage—borrowing at low interest rates to invest at higher returns—and encourages viewers to shift their mindset regarding debt to achieve long-term financial health.
How to get a credit card for the first time in 2022, part three. Again, if you haven't watched
one and two, go back and look at them very quickly, get caught up because we're going to
cut right into part three. Getting this application done right in the beginning
will determine how much money you get and how do you accelerate as you make more money.
Can you buy a car, side by side, dirt bike, boat, RV? You can for sure put down the down payments
on a credit card. Now, I know people who actually put down payments on a credit card and then apply
for the loan, right? And if you can get an under, you know, 4% loan right now would be phenomenal.
So you take it. And I want to talk about that. I had a client I was just talking to the other day
and they did exactly that. They put money down and they applied for a loan and it was actually,
their credit was okay. They got right at say around 4%. And say it's a, I don't know how much
their vehicle was, say it was a $70,000 vehicle. And he was having a war with his wife about paying
it all off because they had the money, because they had it from a different account. And I said,
why would you pay that off? Just use simple math. It was a $70,000 vehicle. You're going to make
minimum payments at 4%. And then you're going to take the 70,000 and go invest it at a minimum of
say just 10%. Then you have a 6% called arbitrage, that difference between where you can make 6%.
The whole thing gets paid for. So the principle you have gets invested. And if you're out there
saying, well, where do I invest it? I can help educate you on a lot of places to invest.
10% is very easy to get. You have to be kind of sleeping to not just get more than that.
So when you can get 10, you pay 4. So it's okay that you're carrying the debt because it's good
debt. You're going to have a vehicle anyway. Now we can have a whole another video about leasing
and whether you do that, but yes, you can actually pay for a vehicle. In fact, I have really advanced
clients who know how to use it cards as an investment card. And I'm going to start encouraging
you to use your credit card as an investment card. So they make their vehicle payments on
their American express card, right? So yeah, they have a loan, but they pay it on their card. So
they get all the points and then they pay off the card versus pay the mortgage company. That's
holding their car loan. They pay with their credit card. So I have people literally and more and more
and more of them that are using their credit cards for almost all, but mortgage payments
and taking all the points and interests and literally and awards and all of that. So yeah,
I'm a huge fan used, right? I think credit cards can be investment cards. And we have some
relationships with like 28, 29 banks where you can get 0% financing and yes, it comes in the form of
credit cards. And we have a lot of clients getting a hundred, $150,000 as investment cards. Yes,
they come in the form of credit cards. The reason I keep saying that is because most of you have
such a weird relationship to credit cards. So you can imagine if you were rehabbing a home
or just a rental property using credit cards to pay your subs, go to Home Depot, Lowe's,
wherever you're going to get your supplies, pay that all off. Once you sell the property and
you're still up on the margin and you did it for 0% versus use hard money, which is right now
costing about 15 to 17%. So learn about money, learn about debt, parents, teens, you got to do
this right. You did it right from the beginning. You are going to be so healthy financially.
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